Word: result
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...result of Barack Obama's groundbreaking candidacy, American attitudes about skin color have been put under a microscope this year. Michigan State University Social Work Professor Ronald Hall had a jump-start on that debate; he has been studying the social consequences of skin color for more than 20 years. He is the editor of a new scholarly book, Racism in the 21st Century: An Empirical Analysis of Skin Color (Springer). TIME senior reporter Andrea Sachs spoke with Hall about race and its impact on the current campaign...
...debilitated. "When it comes to allocation of resources, Kim is the one who decides," says Cheong Seong Chang, director of Inter-Korean Relations Studies at the Sejong Institute near Seoul. "Now, different players may try to grab a bigger piece of the limited resources." The ironic result: without Kim, "the food situation for the North Korean people will get worse, heightening the crisis from within...
...full faith and credit of the government. Fannie's and Freddie's paper, on the other hand, have long included the disclaimer that they are "not guaranteed by the United States." But both firms were creations of Congress and had access to a Treasury line of credit. As a result, Paulson said when he announced the takeover, "central banks and investors throughout the United States and around the world ... believe them to be virtually risk-free." And because the U.S. government created this perception, Paulson felt he had little choice but to make perception a reality...
...that deadline approaches, expect a fierce debate about the government's role in the housing market. Critics argue that Fannie and Freddie have become misshapen monsters, getting rich off implicit government guarantees. Yet when Wall Street managed to supplant them by backing subprime mortgages, the result was disaster. It's enough to make even the experts scratch their heads and wonder...
Have you ever changed your mind on an issue as a result of an interview you've done? Ben Doty, SYCAMORE...